Landscape Capital Management L.L.C. Purchases 1,621 Shares of Axcelis Technologies, Inc. (NASDAQ:ACLS)

Landscape Capital Management L.L.C. grew its holdings in shares of Axcelis Technologies, Inc. (NASDAQ:ACLS) by 29.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,075 shares of the semiconductor company’s stock after buying an additional 1,621 shares during the period. Landscape Capital Management L.L.C.’s holdings in Axcelis Technologies were worth $494,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Signaturefd LLC increased its holdings in shares of Axcelis Technologies by 90.6% during the fourth quarter. Signaturefd LLC now owns 364 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 173 shares in the last quarter. Avior Wealth Management LLC increased its stake in Axcelis Technologies by 1,153.8% during the 4th quarter. Avior Wealth Management LLC now owns 489 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 450 shares in the last quarter. Capital Advisors Ltd. LLC raised its holdings in Axcelis Technologies by 1,415.2% in the fourth quarter. Capital Advisors Ltd. LLC now owns 500 shares of the semiconductor company’s stock worth $35,000 after buying an additional 467 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Axcelis Technologies by 85.5% in the fourth quarter. Blue Trust Inc. now owns 627 shares of the semiconductor company’s stock worth $44,000 after buying an additional 289 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Axcelis Technologies by 184.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 668 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 433 shares during the last quarter. 89.98% of the stock is owned by hedge funds and other institutional investors.

Axcelis Technologies Stock Performance

Shares of ACLS opened at $42.42 on Monday. The firm has a market capitalization of $1.36 billion, a P/E ratio of 6.90, a PEG ratio of 4.52 and a beta of 1.62. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.41 and a quick ratio of 4.05. Axcelis Technologies, Inc. has a one year low of $39.26 and a one year high of $158.61. The business has a fifty day moving average of $59.45 and a 200 day moving average of $74.29.

Axcelis Technologies (NASDAQ:ACLS) last released its quarterly earnings results on Monday, February 10th. The semiconductor company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.25 by $0.29. Axcelis Technologies had a net margin of 19.75% and a return on equity of 21.02%. As a group, sell-side analysts anticipate that Axcelis Technologies, Inc. will post 2.55 EPS for the current year.

Axcelis Technologies announced that its board has approved a stock repurchase program on Wednesday, March 12th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ACLS shares. William Blair lowered shares of Axcelis Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, February 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Axcelis Technologies in a report on Wednesday, February 12th. Finally, Craig Hallum reduced their price objective on Axcelis Technologies from $115.00 to $105.00 and set a “buy” rating for the company in a report on Wednesday, January 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $154.00.

Axcelis Technologies Company Profile

Axcelis Technologies, Inc designs, manufactures, and services ion implantation and other processing equipment used in the fabrication of semiconductor chips in the United States, Europe, and Asia Pacific. The company offers high energy, high current, and medium current implanters for various application requirements.